Truist Financial (TFC) 8-K BB&T produces record annual earnings in 2012

Exhibit 99.2

Best Bank In Town Since 1872

BB&T Corporation

Quarterly Performance Summary

Fourth Quarter 2012

BB&T Corporation
Quarterly Performance Summary
Table of Contents
	Page
Financial Highlights	1
Financial Highlights - Five Quarter Trend	2
Consolidated Statements of Income	3
Consolidated Statements of Income - Five Quarter Trend	4
Lines of Business Financial Performance	5
Lines of Business Financial Performance - Five Quarter Trend	7
Consolidated Balance Sheets	9
Consolidated Balance Sheets - Five Quarter Trend	10
Average Balance Sheets	11
Average Balance Sheets - Five Quarter Trend	12
Average Balances and Rates - Quarters	13
Average Balances and Rates - Year-To-Date	15
Credit Quality	16
Credit Quality - Supplemental Information	19
Capital Information - Five Quarter Trend	20
Selected Items & Additional Information	21
Non-GAAP Reconciliations	22

BB&T Corporation
Financial Highlights
(Dollars in millions, except per share data, shares in thousands)
		Quarter Ended								Year-to-Date
		December 31						%		December 31						%
		2012			2011			Change		2012			2011			Change
Summary Income Statement
Interest income		$	1,763		$	1,807		(2.4)	%	$	7,068		$	7,035		0.5	%
Interest expense			250			318		(21.4)			1,062			1,381		(23.1)
	Net interest income - taxable equivalent		1,513			1,489		1.6			6,006			5,654		6.2
Less:  Taxable-equivalent adjustment			37			37		―			149			147		1.4
	Net interest income		1,476			1,452		1.7			5,857			5,507		6.4
Provision for credit losses			252			272		(7.4)			1,057			1,190		(11.2)
	Net interest income after provision for credit losses		1,224			1,180		3.7			4,800			4,317		11.2
Noninterest income			1,020			922		10.6			3,820			3,113		22.7
Noninterest expense			1,488			1,618		(8.0)			5,828			5,802		0.4
Income before income taxes			756			484		56.2			2,792			1,628		71.5
Provision for income taxes			207			84		146.4			764			296		158.1
	Net income		549			400		37.3			2,028			1,332		52.3
Noncontrolling interests			13			9		44.4			49			43		14.0
Preferred stock dividends			30			―		NM			63			―		NM
	Net income available to common shareholders		506			391		29.4			1,916			1,289		48.6
Per Common Share Data
Earnings
	Basic	$	0.72		$	0.56		28.6	%	$	2.74		$	1.85		48.1	%
	Diluted		0.71			0.55		29.1			2.70			1.83		47.5
Cash dividends declared (1)			0.20			0.16		25.0			0.80			0.65		23.1
Book value			27.21			24.98		8.9			27.21			24.98		8.9
Tangible book value (2)			17.52			16.73		4.7			17.52			16.73		4.7
End of period shares outstanding (in thousands)			699,728			697,143		0.4			699,728			697,143		0.4
Weighted average shares (in thousands)
	Basic		699,586			697,117		0.4			698,739			696,532		0.3
	Diluted		710,190			706,178		0.6			708,877			705,168		0.5
Performance Ratios
Return on average assets			1.20	%		0.93	%				1.14	%		0.82	%
Return on average common shareholders' equity			10.51			8.76					10.35			7.49
Return on average tangible common shareholders' equity (3)			17.80			14.36					17.39			12.60
Net interest margin - taxable equivalent			3.84			4.02					3.91			4.06
Fee income ratio (4)			44.1			38.4					42.5			39.7
Efficiency ratio (4)			55.3			53.5					54.3			55.2
Credit Quality (including covered assets)
Nonperforming assets as a percentage of
	Total assets		0.97	%		1.62	%				0.97	%		1.62	%
	Loans and leases plus foreclosed property		1.51			2.52					1.51			2.52
Net charge-offs as a percentage of average
	loans and leases		1.02			1.44					1.14			1.57
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.76			2.10					1.76			2.10
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		1.46	X		1.21	X				1.46	X		1.21	X
Average Balances
Total assets		$	182,204		$	171,496		6.2	%	$	178,102		$	162,966		9.3	%
Total securities (5)			36,383			35,867		1.4			36,334			29,923		21.4
Loans and leases			117,103			108,523		7.9			113,733			105,962		7.3
Deposits			131,762			121,925		8.1			127,617			112,318		13.6
Common shareholders' equity			19,160			17,693		8.3			18,501			17,208		7.5
Total shareholders' equity			21,188			17,755		19.3			19,477			17,267		12.8
Period-End Balances
Total assets		$	183,872		$	174,579		5.3	%	$	183,872		$	174,579		5.3	%
Total securities (5)			38,731			36,407		6.4			38,731			36,407		6.4
Loans and leases			118,364			111,205		6.4			118,364			111,205		6.4
Deposits			133,075			124,939		6.5			133,075			124,939		6.5
Common shareholders' equity			19,042			17,418		9.3			19,042			17,418		9.3
Total shareholders' equity			21,223			17,480		21.4			21,223			17,480		21.4
Capital Ratios (6)
Risk-based
	Tier 1		11.4	%		12.5	%				11.4	%		12.5	%
	Total		14.3			15.7					14.3			15.7
Leverage			8.2			9.0					8.2			9.0
Tangible common equity (2)			6.9			6.9					6.9			6.9
Tier 1 common equity to risk-weighted assets (2)			9.7			9.7					9.7			9.7
Applicable ratios are annualized.
(1)	BB&T Corporation declared a special one-time dividend of $0.01 per common share in the first quarter of 2011.
(2)	Tangible common equity and Tier 1 common equity ratios are non-GAAP measures.  BB&T uses the Tier 1 common equity definition used in the SCAP assessment to calculate these ratios.  See the calculations and management's reasons for using these measures in the Capital Information - Five Quarter Trend section of this supplement.
(3)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(4)	Excludes securities gains (losses), foreclosed property expense, amortization of intangible assets, merger-related and restructuring charges, the impacts of FDIC loss share accounting, and other selected items as detailed in the Selected Items & Additional Information section of this supplement. See the Non-GAAP Reconciliations section of this supplement for further detail.
(5)	Total securities includes securities available for sale (AFS) and securities held to maturity (HTM). Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.
(6)	Current quarter regulatory capital information is preliminary.
NM - Not meaningful.

1

BB&T Corporation
Financial Highlights - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)
		Quarter Ended
		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
		2012			2012			2012			2012			2011
Summary Income Statement
Interest income		$	1,763		$	1,758		$	1,767		$	1,780		$	1,807
Interest expense			250			238			267			307			318
	Net interest income - taxable equivalent		1,513			1,520			1,500			1,473			1,489
Less:  Taxable-equivalent adjustment			37			37			38			37			37
	Net interest income		1,476			1,483			1,462			1,436			1,452
Provision for credit losses			252			244			273			288			272
	Net interest income after provision for credit losses		1,224			1,239			1,189			1,148			1,180
Noninterest income			1,020			963			966			871			922
Noninterest expense			1,488			1,529			1,426			1,385			1,618
Income before income taxes			756			673			729			634			484
Provision for income taxes			207			177			191			189			84
	Net income		549			496			538			445			400
Noncontrolling interests			13			2			20			14			9
Preferred stock dividends			30			25			8			―			―
	Net income available to common shareholders		506			469			510			431			391
Per Common Share Data
Earnings
	Basic	$	0.72		$	0.67		$	0.73		$	0.62		$	0.56
	Diluted		0.71			0.66			0.72			0.61			0.55
Cash dividends declared			0.20			0.20			0.20			0.20			0.16
Book value			27.21			26.88			26.19			25.51			24.98
Tangible book value (1)			17.52			17.02			16.92			17.12			16.73
End of period shares outstanding (in thousands)			699,728			699,541			698,795			698,454			697,143
Weighted average shares (in thousands)
	Basic		699,586			699,091			698,579			697,685			697,117
	Diluted		710,190			709,875			708,454			707,369			706,178
Performance Ratios
Return on average assets			1.20	%		1.10	%		1.22	%		1.03	%		0.93	%
Return on average common shareholders' equity			10.51			9.94			11.21			9.75			8.76
Return on average tangible common shareholders' equity (2)			17.80			17.01			18.85			15.88			14.36
Net interest margin - taxable equivalent			3.84			3.94			3.95			3.93			4.02
Fee income ratio (3)			44.1			42.4			42.4			41.0			38.4
Efficiency ratio (3)			55.3			55.2			53.9			52.0			53.5
Credit Quality (including covered assets)
Nonperforming assets as a percentage of
	Total assets		0.97	%		1.10	%		1.24	%		1.50	%		1.62	%
	Loans and leases plus foreclosed property		1.51			1.70			1.93			2.35			2.52
Net charge-offs as a percentage of average
	loans and leases		1.02			1.05			1.21			1.28			1.44
Allowance for loan and lease losses as a percentage
	of loans and leases held for investment		1.76			1.80			1.91			2.02			2.10
Ratio of allowance for loan and lease losses to
	nonperforming loans and leases held for investment		1.46	X		1.33	X		1.29	X		1.18	X		1.21	X
Average Balances
Total assets		$	182,204		$	179,306		$	176,870		$	173,969		$	171,496
Total securities (4)			36,383			35,260			37,114			36,589			35,867
Loans and leases			117,103			115,609			111,760			110,403			108,523
Deposits			131,762			128,695			125,348			124,606			121,925
Common shareholders' equity			19,160			18,757			18,302			17,772			17,693
Total shareholders' equity			21,188			20,125			18,737			17,829			17,755
Period-End Balances
Total assets		$	183,872		$	182,021		$	178,529		$	174,752		$	174,579
Total securities (4)			38,731			37,238			37,643			37,865			36,407
Loans and leases			118,364			117,607			113,811			110,686			111,205
Deposits			133,075			130,018			126,059			124,157			124,939
Common shareholders' equity			19,042			18,800			18,300			17,820			17,418
Shareholders' equity			21,223			20,532			18,926			17,882			17,480
Capital Ratios (5)
Risk-based
	Tier 1		11.4	%		10.9	%		10.2	%		12.8	%		12.5	%
	Total		14.3			14.0			13.5			16.2			15.7
Leverage			8.2			7.9			7.3			9.1			9.0
Tangible common equity (1)			6.9			6.8			6.9			7.1			6.9
Tier 1 common equity to risk-weighted assets (1)			9.7			9.5			9.7			10.0			9.7
Applicable ratios are annualized.
(1)	Tangible common equity and Tier 1 common equity ratios are non-GAAP measures.  BB&T uses the Tier 1 common equity definition used in the SCAP assessment to calculate these ratios.  See the calculations and management's reasons for using these measures in the Capital Information - Five Quarter Trend section of this supplement.
(2)	Return on average tangible common shareholders' equity is a non-GAAP measure. See the calculation and management's reasons for using this measure in the Non-GAAP Reconciliations section of this supplement.
(3)	Excludes securities gains (losses), foreclosed property expense, amortization of intangible assets, merger-related and restructuring charges, the impacts of FDIC loss share accounting, and other selected items as detailed in the Selected Items & Additional Information section of this supplement. See the Non-GAAP Reconciliations section of this supplement for further detail.
(4)	Total securities includes securities available for sale (AFS) and securities held to maturity (HTM). Average balances reflect both AFS and HTM securities at amortized cost. Period-end balances reflect AFS securities at fair value and HTM securities at amortized cost.
(5)	Current regulatory capital information is preliminary.

2

BB&T Corporation
Consolidated Statements of Income
(Dollars in millions, except per share data, shares in thousands)
			Quarter Ended								Year-to-Date
			Dec. 31				Change				Dec. 31				Change
			2012		2011		$		%		2012		2011		$		%
Interest Income
	Interest and fees on loans and leases		$	1,494	$	1,530	$	(36)	(2.4)	%	$	5,980	$	6,119	$	(139)	(2.3)	%
	Interest and dividends on securities			222		235		(13)	(5.5)			907		747		160	21.4
	Interest on other earning assets			10		4		6	150.0			30		19		11	57.9
		Total interest income		1,726		1,769		(43)	(2.4)			6,917		6,885		32	0.5
Interest Expense
	Interest on deposits			96		137		(41)	(29.9)			429		610		(181)	(29.7)
	Interest on federal funds purchased, securities sold under
		repurchase agreements and short-term borrowed funds		2		1		1	100.0			7		11		(4)	(36.4)
	Interest on long-term debt			152		179		(27)	(15.1)			624		757		(133)	(17.6)
		Total interest expense		250		317		(67)	(21.1)			1,060		1,378		(318)	(23.1)
Net interest income				1,476		1,452		24	1.7			5,857		5,507		350	6.4
	Provision for credit losses			252		272		(20)	(7.4)			1,057		1,190		(133)	(11.2)
Net interest income after provision for credit loss				1,224		1,180		44	3.7			4,800		4,317		483	11.2
Noninterest income
	Insurance income			362		254		108	42.5			1,359		1,044		315	30.2
	Service charges on deposits			149		142		7	4.9			566		563		3	0.5
	Mortgage banking income			231		135		96	71.1			840		436		404	92.7
	Investment banking and brokerage fees and commissions			98		75		23	30.7			365		333		32	9.6
	Checkcard fees			49		42		7	16.7			185		271		(86)	(31.7)
	Bankcard fees and merchant discounts			61		55		6	10.9			236		204		32	15.7
	Trust and investment advisory revenues			47		42		5	11.9			184		173		11	6.4
	Income from bank-owned life insurance			29		30		(1)	(3.3)			116		122		(6)	(4.9)
	FDIC loss share income, net			(97)		(46)		(51)	110.9			(318)		(289)		(29)	10.0
	Securities gains (losses), net			―		103		(103)	(100.0)			(12)		62		(74)	(119.4)
	Other income			91		90		1	1.1			299		194		105	54.1
		Total noninterest income		1,020		922		98	10.6			3,820		3,113		707	22.7
Noninterest Expense
	Personnel expense			823		679		144	21.2			3,125		2,727		398	14.6
	Foreclosed property expense			48		346		(298)	(86.1)			266		802		(536)	(66.8)
	Occupancy and equipment expense			172		159		13	8.2			650		616		34	5.5
	Loan-related expense			73		59		14	23.7			283		227		56	24.7
	Regulatory charges			35		46		(11)	(23.9)			159		212		(53)	(25.0)
	Professional services			46		49		(3)	(6.1)			156		174		(18)	(10.3)
	Software expense			38		33		5	15.2			138		118		20	16.9
	Amortization of intangibles			28		24		4	16.7			110		99		11	11.1
	Merger-related and restructuring charges, net			11		16		(5)	(31.3)			68		16		52	NM
	Other expense			214		207		7	3.4			873		811		62	7.6
		Total noninterest expense		1,488		1,618		(130)	(8.0)			5,828		5,802		26	0.4
Earnings
	Income before income taxes			756		484		272	56.2			2,792		1,628		1,164	71.5
	Provision for income taxes			207		84		123	146.4			764		296		468	158.1
		Net Income		549		400		149	37.3			2,028		1,332		696	52.3
	Noncontrolling interests			13		9		4	44.4			49		43		6	14.0
	Preferred stock dividends			30		―		30	NM			63		―		63	NM
		Net income available to common shareholders	$	506	$	391	$	115	29.4	%	$	1,916	$	1,289	$	627	48.6	%
Earnings Per Common Share
		Basic	$	0.72	$	0.56	$	0.16	28.6	%	$	2.74	$	1.85	$	0.89	48.1	%
		Diluted		0.71		0.55		0.16	29.1			2.70		1.83		0.87	47.5
Weighted Average Shares Outstanding
		Basic		699,586		697,117		2,469	0.4			698,739		696,532		2,207	0.3
		Diluted		710,190		706,178		4,012	0.6			708,877		705,168		3,709	0.5
NM - not meaningful.

3

BB&T Corporation
Consolidated Statements of Income - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)
			Quarter Ended
			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2012		2012		2012		2012		2011
Interest Income
	Interest and fees on loans and leases		$	1,494	$	1,492	$	1,492	$	1,502	$	1,530
	Interest and dividends on securities			222		221		230		234		235
	Interest on other earning assets			10		7		6		7		4
		Total interest income		1,726		1,720		1,728		1,743		1,769
Interest Expense
	Interest on deposits			96		105		107		121		137
	Interest on federal funds purchased, securities sold under
		repurchase agreements and short-term borrowed funds		2		2		2		1		1
	Interest on long-term debt			152		130		157		185		179
		Total interest expense		250		237		266		307		317
Net interest income				1,476		1,483		1,462		1,436		1,452
	Provision for credit losses			252		244		273		288		272
Net interest income after provision for credit loss				1,224		1,239		1,189		1,148		1,180
Noninterest income
	Insurance income			362		333		393		271		254
	Service charges on deposits			149		142		138		137		142
	Mortgage banking income			231		211		182		216		135
	Investment banking and brokerage fees and commissions			98		90		88		89		75
	Checkcard fees			49		48		45		43		42
	Bankcard fees and merchant discounts			61		62		59		54		55
	Trust and investment advisory revenues			47		46		46		45		42
	Income from bank-owned life insurance			29		30		27		30		30
	FDIC loss share income, net			(97)		(90)		(74)		(57)		(46)
	Securities gains (losses), net			―		(1)		(2)		(9)		103
	Other income			91		92		64		52		90
		Total noninterest income		1,020		963		966		871		922
Noninterest Expense
	Personnel expense			823		797		775		730		679
	Foreclosed property expense			48		54		72		92		346
	Occupancy and equipment expense			172		166		159		153		159
	Loan-related expense			73		85		62		63		59
	Regulatory charges			35		40		43		41		46
	Professional services			46		36		39		35		49
	Software expense			38		36		32		32		33
	Amortization of intangibles			28		31		29		22		24
	Merger-related and restructuring charges, net			11		43		2		12		16
	Other expense			214		241		213		205		207
		Total noninterest expense		1,488		1,529		1,426		1,385		1,618
Earnings
	Income before income taxes			756		673		729		634		484
	Provision for income taxes			207		177		191		189		84
		Net Income		549		496		538		445		400
	Noncontrolling interests			13		2		20		14		9
	Preferred stock dividends			30		25		8		―		―
		Net income available to common shareholders	$	506	$	469	$	510	$	431	$	391
Earnings Per Common Share
		Basic	$	0.72	$	0.67	$	0.73	$	0.62	$	0.56
		Diluted		0.71		0.66		0.72		0.61		0.55
Weighted Average Shares Outstanding
		Basic		699,586		699,091		698,579		697,685		697,117
		Diluted		710,190		709,875		708,454		707,369		706,178

4

BB&T Corporation
Lines of Business Financial Performance (1)
Quarter Ended December 31, 2012 and 2011
(Dollars in millions)
									Residential							Dealer
			Community Banking						Mortgage Banking							Financial Services						Specialized Lending
			Dec. 31		Dec. 31	Percent			Dec. 31			Dec. 31	Percent			Dec. 31		Dec. 31	Percent			Dec. 31		Dec. 31	Percent
			2012		2011	Change			2012			2011	Change			2012		2011	Change			2012		2011	Change
Net interest income (expense)		$	537	$	499	7.6	%	$	298		$	272	9.6	%	$	212	$	213	(0.5)	%	$	179	$	167	7.2	%
Net intersegment interest income
	(expense)		320		388	(17.5)			(198)			(187)	5.9			(50)		(62)	(19.4)			(35)		(43)	(18.6)
Segment net interest income			857		887	(3.4)			100			85	17.6			162		151	7.3			144		124	16.1
Allocated provision for loan
	and lease losses		129		118	9.3			56			39	43.6			67		42	59.5			21		24	(12.5)
Noninterest income			296		241	22.8			206			111	85.6			2		2	―			65		57	14.0
Intersegment net referral fees
	(expense)		52		41	26.8			―			―	NM			―		―	NM			―		―	NM
Noninterest expense			465		741	(37.2)			99			86	15.1			27		23	17.4			69		58	19.0
Amortization of intangibles			7		11	(36.4)			―			―	NM			―		―	NM			1		2	(50.0)
Allocated corporate expenses			257		225	14.2			13			12	8.3			9		9	―			21		18	16.7
Income (loss) before income taxes			347		74	NM			138			59	133.9			61		79	(22.8)			97		79	22.8
Provision (benefit) for income
	taxes		127		24	NM			52			22	136.4			23		30	(23.3)			25		15	66.7
Segment net income (loss)		$	220	$	50	NM		$	86		$	37	132.4		$	38	$	49	(22.4)		$	72	$	64	12.5
Identifiable segment assets
	(period end)	$	62,945	$	61,072	3.1		$	29,391		$	25,471	15.4		$	10,264	$	9,874	3.9		$	18,907	$	16,766	12.8
															Other, Treasury						Total BB&T
		Insurance Services						Financial Services							& Corporate (2)						Corporation
		Dec. 31		Dec. 31		Percent		Dec. 31			Dec. 31		Percent		Dec. 31		Dec. 31		Percent		Dec. 31		Dec. 31		Percent
		2012		2011		Change		2012			2011		Change		2012		2011		Change		2012		2011		Change
Net interest income (expense)		$	1	$	1	―	%	$	32		$	29	10.3	%	$	217	$	271	(19.9)	%	$	1,476	$	1,452	1.7	%
Net intersegment interest income
	(expense)		1		1	―			86			80	7.5			(124)		(177)	(29.9)			―		―	NM
Segment net interest income			2		2	―			118			109	8.3			93		94	(1.1)			1,476		1,452	1.7
Allocated provision for loan
	and lease losses		―		―	NM			(8)			9	(188.9)			(13)		40	(132.5)			252		272	(7.4)
Noninterest income			368		255	44.3			195			183	6.6			(112)		73	NM			1,020		922	10.6
Intersegment net referral fees
	(expense)		―		―	NM			10			6	66.7			(62)		(47)	31.9			―		―	NM
Noninterest expense			271		187	44.9			163			143	14.0			366		356	2.8			1,460		1,594	(8.4)
Amortization of intangibles			16		11	45.5			1			1	―			3		(1)	NM			28		24	16.7
Allocated corporate expenses			23		21	9.5			23			19	21.1			(346)		(304)	13.8			―		―	NM
Income (loss) before income taxes			60		38	57.9			144			126	14.3			(91)		29	NM			756		484	56.2
Provision (benefit) for income
	taxes		21		13	61.5			54			47	14.9			(95)		(67)	41.8			207		84	146.4
Segment net income (loss)		$	39	$	25	56.0		$	90		$	79	13.9		$	4	$	96	(95.8)		$	549	$	400	37.3
Identifiable segment assets
	(period end)	$	3,297	$	2,350	40.3		$	9,184		$	7,413	23.9		$	49,884	$	51,633	(3.4)		$	183,872	$	174,579	5.3
(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
NM - not meaningful.

5

BB&T Corporation
Lines of Business Financial Performance (1)
Year-To-Date December 31, 2012 and 2011
(Dollars in millions)
									Residential							Dealer
			Community Banking						Mortgage Banking							Financial Services						Specialized Lending
			Dec. 31		Dec. 31	Percent			Dec. 31			Dec. 31	Percent			Dec. 31		Dec. 31	Percent			Dec. 31		Dec. 31	Percent
			2012		2011	Change			2012			2011	Change			2012		2011	Change			2012		2011	Change
Net interest income (expense)		$	2,086	$	1,937	7.7	%	$	1,148		$	1,025	12.0	%	$	845	$	852	(0.8)	%	$	701	$	636	10.2	%
Net intersegment interest income
	(expense)		1,342		1,642	(18.3)			(776)			(734)	5.7			(216)		(270)	(20.0)			(154)		(171)	(9.9)
Segment net interest income			3,428		3,579	(4.2)			372			291	27.8			629		582	8.1			547		465	17.6
Allocated provision for loan
	and lease losses		666		589	13.1			95			320	(70.3)			164		125	31.2			137		72	90.3
Noninterest income			1,125		1,016	10.7			753			349	115.8			7		7	―			228		211	8.1
Intersegment net referral fees
	(expense)		182		132	37.9			(1)			―	NM			―		―	NM			―		―	NM
Noninterest expense			1,828		2,354	(22.3)			388			296	31.1			101		90	12.2			256		233	9.9
Amortization of intangibles			37		47	(21.3)			―			―	NM			1		1	―			5		6	(16.7)
Allocated corporate expenses			1,025		899	14.0			54			48	12.5			36		37	(2.7)			79		72	9.7
Income (loss) before income taxes			1,179		838	40.7			587			(24)	NM			334		336	(0.6)			298		293	1.7
Provision (benefit) for income
	taxes		427		302	41.4			221			(9)	NM			126		127	(0.8)			63		58	8.6
Segment net income (loss)		$	752	$	536	40.3		$	366		$	(15)	NM		$	208	$	209	(0.5)		$	235	$	235	―
Identifiable segment assets
	(period end)	$	62,945	$	61,072	3.1		$	29,391		$	25,471	15.4		$	10,264	$	9,874	3.9		$	18,907	$	16,766	12.8
															Other, Treasury						Total BB&T
		Insurance Services						Financial Services							& Corporate (2)						Corporation
		Dec. 31		Dec. 31		Percent		Dec. 31			Dec. 31		Percent		Dec. 31		Dec. 31		Percent		Dec. 31		Dec. 31		Percent
		2012		2011		Change		2012			2011		Change		2012		2011		Change		2012		2011		Change
Net interest income (expense)		$	3	$	3	―	%	$	119		$	107	11.2	%	$	955	$	947	0.8	%	$	5,857	$	5,507	6.4	%
Net intersegment interest income
	(expense)		3		4	(25.0)			332			267	24.3			(531)		(738)	(28.0)			―		―	NM
Segment net interest income			6		7	(14.3)			451			374	20.6			424		209	102.9			5,857		5,507	6.4
Allocated provision for loan
	and lease losses		―		―	NM			10			(1)	NM			(15)		85	(117.6)			1,057		1,190	(11.2)
Noninterest income			1,365		1,040	31.3			725			694	4.5			(383)		(204)	87.7			3,820		3,113	22.7
Intersegment net referral fees
	(expense)		―		―	NM			29			20	45.0			(210)		(152)	38.2			―		―	NM
Noninterest expense			1,015		786	29.1			641			574	11.7			1,489		1,370	8.7			5,718		5,703	0.3
Amortization of intangibles			61		42	45.2			3			3	―			3		―	NM			110		99	11.1
Allocated corporate expenses			82		72	13.9			94			75	25.3			(1,370)		(1,203)	13.9			―		―	NM
Income (loss) before income taxes			213		147	44.9			457			437	4.6			(276)		(399)	(30.8)			2,792		1,628	71.5
Provision (benefit) for income
	taxes		69		46	50.0			171			164	4.3			(313)		(392)	(20.2)			764		296	158.1
Segment net income (loss)		$	144	$	101	42.6		$	286		$	273	4.8		$	37	$	(7)	NM		$	2,028	$	1,332	52.3
Identifiable segment assets
	(period end)	$	3,297	$	2,350	40.3		$	9,184		$	7,413	23.9		$	49,884	$	51,633	(3.4)		$	183,872	$	174,579	5.3
(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.
NM - not meaningful.

6

BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)
(Dollars in millions)
			Quarter Ended
Community Banking			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2012		2012		2012		2012		2011
Net interest income (expense)			$	537	$	526	$	517	$	506	$	499
Net intersegment interest income (expense)				320		325		339		358		388
	Segment net interest income			857		851		856		864		887
Allocated provision for loan and lease losses				129		92		190		255		118
Noninterest income				296		281		280		268		241
Intersegment net referral fees (expense)				52		48		43		39		41
Noninterest expense				465		428		447		488		741
Amortization of intangibles				7		11		10		9		11
Allocated corporate expenses				257		256		255		257		225
	Income (loss) before income taxes			347		393		277		162		74
	Provision (benefit) for income taxes			127		143		100		57		24
		Segment net income (loss)	$	220	$	250	$	177	$	105	$	50
Identifiable segment assets (period end)			$	62,945	$	61,748	$	61,081	$	60,750	$	61,072
			Quarter Ended
Residential Mortgage Banking			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2012		2012		2012		2012		2011
Net interest income (expense)			$	298	$	286	$	285	$	279	$	272
Net intersegment interest income (expense)				(198)		(194)		(193)		(191)		(187)
	Segment net interest income			100		92		92		88		85
Allocated provision for loan and lease losses				56		23		38		(22)		39
Noninterest income				206		190		162		195		111
Intersegment net referral fees (expense)				―		―		―		(1)		―
Noninterest expense				99		112		92		85		86
Amortization of intangibles				―		―		―		―		―
Allocated corporate expenses				13		14		13		14		12
	Income (loss) before income taxes			138		133		111		205		59
	Provision (benefit) for income taxes			52		50		42		77		22
		Segment net income (loss)	$	86	$	83	$	69	$	128	$	37
Identifiable segment assets (period end)			$	29,391	$	28,615	$	27,318	$	25,288	$	25,471
			Quarter Ended
Dealer Financial Services			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2012		2012		2012		2012		2011
Net interest income (expense)			$	212	$	213	$	210	$	210	$	213
Net intersegment interest income (expense)				(50)		(53)		(54)		(59)		(62)
	Segment net interest income			162		160		156		151		151
Allocated provision for loan and lease losses				67		43		27		27		42
Noninterest income				2		1		2		2		2
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				27		24		25		25		23
Amortization of intangibles				―		1		―		―		―
Allocated corporate expenses				9		8		10		9		9
	Income (loss) before income taxes			61		85		96		92		79
	Provision (benefit) for income taxes			23		32		36		35		30
		Segment net income (loss)	$	38	$	53	$	60	$	57	$	49
Identifiable segment assets (period end)			$	10,264	$	10,316	$	10,303	$	10,050	$	9,874
			Quarter Ended
Specialized Lending			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2012		2012		2012		2012		2011
Net interest income (expense)			$	179	$	181	$	175	$	166	$	167
Net intersegment interest income (expense)				(35)		(38)		(40)		(41)		(43)
	Segment net interest income			144		143		135		125		124
Allocated provision for loan and lease losses				21		65		24		27		24
Noninterest income				65		58		52		53		57
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				69		66		58		63		58
Amortization of intangibles				1		1		2		1		2
Allocated corporate expenses				21		20		19		19		18
	Income (loss) before income taxes			97		49		84		68		79
	Provision (benefit) for income taxes			25		6		19		13		15
		Segment net income (loss)	$	72	$	43	$	65	$	55	$	64
Identifiable segment assets (period end)			$	18,907	$	18,650	$	18,140	$	16,889	$	16,766
(1)	Lines of business results are preliminary.

7

BB&T Corporation
Lines of Business Financial Performance - Five Quarter Trend (1)
(Dollars in millions)
			Quarter Ended
Insurance Services			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2012		2012		2012		2012		2011
Net interest income (expense)			$	1	$	1	$	―	$	1	$	1
Net intersegment interest income (expense)				1		1		―		1		1
	Segment net interest income			2		2		―		2		2
Allocated provision for loan and lease losses				―		―		―		―		―
Noninterest income				368		334		393		270		255
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				271		272		260		212		187
Amortization of intangibles				16		18		17		10		11
Allocated corporate expenses				23		20		19		20		21
	Income (loss) before income taxes			60		26		97		30		38
	Provision (benefit) for income taxes			21		10		31		7		13
		Segment net income (loss)	$	39	$	16	$	66	$	23	$	25
Identifiable segment assets (period end)			$	3,297	$	3,090	$	3,299	$	2,310	$	2,350
			Quarter Ended
Financial Services			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2012		2012		2012		2012		2011
Net interest income (expense)			$	32	$	30	$	30	$	27	$	29
Net intersegment interest income (expense)				86		84		82		80		80
	Segment net interest income			118		114		112		107		109
Allocated provision for loan and lease losses				(8)		12		(8)		14		9
Noninterest income				195		183		169		178		183
Intersegment net referral fees (expense)				10		7		6		6		6
Noninterest expense				163		152		173		153		143
Amortization of intangibles				1		―		1		1		1
Allocated corporate expenses				23		26		22		23		19
	Income (loss) before income taxes			144		114		99		100		126
	Provision (benefit) for income taxes			54		43		36		38		47
		Segment net income (loss)	$	90	$	71	$	63	$	62	$	79
Identifiable segment assets (period end)			$	9,184	$	8,991	$	8,216	$	7,790	$	7,413
			Quarter Ended
Other, Treasury & Corporate (2)			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2012		2012		2012		2012		2011
Net interest income (expense)			$	217	$	246	$	245	$	247	$	271
Net intersegment interest income (expense)				(124)		(125)		(134)		(148)		(177)
	Segment net interest income			93		121		111		99		94
Allocated provision for loan and lease losses				(13)		9		2		(13)		40
Noninterest income				(112)		(84)		(92)		(95)		73
Intersegment net referral fees (expense)				(62)		(55)		(49)		(44)		(47)
Noninterest expense				366		444		342		337		356
Amortization of intangibles				3		―		(1)		1		(1)
Allocated corporate expenses				(346)		(344)		(338)		(342)		(304)
	Income (loss) before income taxes			(91)		(127)		(35)		(23)		29
	Provision (benefit) for income taxes			(95)		(107)		(73)		(38)		(67)
		Segment net income (loss)	$	4	$	(20)	$	38	$	15	$	96
Identifiable segment assets (period end)			$	49,884	$	50,611	$	50,172	$	51,675	$	51,633
			Quarter Ended
Total BB&T Corporation			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2012		2012		2012		2012		2011
Net interest income (expense)			$	1,476	$	1,483	$	1,462	$	1,436	$	1,452
Net intersegment interest income (expense)				―		―		―		―		―
	Segment net interest income			1,476		1,483		1,462		1,436		1,452
Allocated provision for loan and lease losses				252		244		273		288		272
Noninterest income				1,020		963		966		871		922
Intersegment net referral fees (expense)				―		―		―		―		―
Noninterest expense				1,460		1,498		1,397		1,363		1,594
Amortization of intangibles				28		31		29		22		24
Allocated corporate expenses				―		―		―		―		―
	Income (loss) before income taxes			756		673		729		634		484
	Provision (benefit) for income taxes			207		177		191		189		84
		Segment net income (loss)	$	549	$	496	$	538	$	445	$	400
Identifiable segment assets (period end)			$	183,872	$	182,021	$	178,529	$	174,752	$	174,579
(1)	Lines of business results are preliminary.
(2)	Includes financial data from subsidiaries below the quantitative and qualitative thresholds requiring disclosure.

8

BB&T Corporation
Consolidated Balance Sheets
(Dollars in millions)
				As of December 31				Change
				2012		2011		$		%
Assets
	Cash and due from banks			$	1,972	$	1,562	$	410	26.2	%
	Interest-bearing deposits with banks				1,659		2,646		(987)	(37.3)
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			122		136		(14)	(10.3)
	Segregated cash due from banks				36		20		16	80.0
	Trading securities at fair value				497		534		(37)	(6.9)
	Securities available for sale at fair value (1)				25,137		22,313		2,824	12.7
	Securities held to maturity				13,594		14,094		(500)	(3.5)
	Loans and leases:
		Commercial loans and leases
			Commercial and industrial		38,295		36,415		1,880	5.2
			Commercial real estate—other		11,461		10,689		772	7.2
			Commercial real estate—residential ADC (2)		1,261		2,061		(800)	(38.8)
		Direct retail lending			15,817		14,506		1,311	9.0
		Sales finance loans			7,736		7,401		335	4.5
		Revolving credit loans			2,330		2,212		118	5.3
		Residential mortgage loans			24,272		20,581		3,691	17.9
		Other lending subsidiaries			10,137		8,737		1,400	16.0
			Total loans and leases held for investment (excluding covered loans)		111,309		102,602		8,707	8.5
		Covered loans			3,294		4,867		(1,573)	(32.3)
			Total loans and leases held for investment		114,603		107,469		7,134	6.6
		Loans held for sale			3,761		3,736		25	0.7
			Total loans and leases		118,364		111,205		7,159	6.4
	Allowance for loan and lease losses				(2,018)		(2,256)		238	(10.5)
	FDIC loss share receivable				479		1,100		(621)	(56.5)
	Premises and equipment				1,888		1,855		33	1.8
	Goodwill				6,804		6,078		726	11.9
	Core deposit and other intangible assets				673		444		229	51.6
	Residential mortgage servicing rights at fair value				627		563		64	11.4
	Other assets (3)				14,038		14,285		(247)	(1.7)
		Total assets		$	183,872	$	174,579	$	9,293	5.3	%
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	32,452	$	25,684	$	6,768	26.4	%
		Interest checking			21,091		20,701		390	1.9
		Money market and savings			47,908		44,618		3,290	7.4
		Certificates and other time deposits			31,624		33,899		(2,275)	(6.7)
		Foreign office deposits - interest-bearing			―		37		(37)	(100.0)
			Total deposits		133,075		124,939		8,136	6.5
	Fed funds purchased, repos and other borrowings				2,864		3,566		(702)	(19.7)
	Long-term debt				19,114		21,803		(2,689)	(12.3)
	Other liabilities				7,596		6,791		805	11.9
		Total liabilities			162,649		157,099		5,550	3.5
	Shareholders' equity:
		Preferred stock			2,116		―		2,116	NM
		Common stock			3,499		3,486		13	0.4
		Additional paid-in capital			5,973		5,873		100	1.7
		Retained earnings			10,129		8,772		1,357	15.5
		Accumulated other comprehensive loss			(559)		(713)		154	(21.6)
		Noncontrolling interests			65		62		3	4.8
		Total shareholders' equity			21,223		17,480		3,743	21.4
		Total liabilities and shareholders' equity		$	183,872	$	174,579	$	9,293	5.3	%
(1)	Includes $1.6 billion and $1.6 billion at December 31, 2012 and 2011, respectively, covered by FDIC loss sharing agreements.
(2)	Commercial real estate - residential ADC represents residential acquisition, development and construction loans.
(3)	Includes $297 million and $415 million of foreclosed property and other assets covered by FDIC loss sharing agreements at December 31, 2012 and 2011, respectively.
NM - not meaningful.

9

BB&T Corporation
Consolidated Balance Sheets - Five Quarter Trend
(Dollars in millions)
				As of
				Dec. 31		Sept. 30		June 30		March 31		Dec. 31
				2012		2012		2012		2012		2011
Assets
	Cash and due from banks			$	1,972	$	1,557	$	1,409	$	1,336	$	1,562
	Interest-bearing deposits with banks				1,659		1,784		2,246		2,464		2,646
	Federal funds sold and securities purchased under
		resale agreements or similar arrangements			122		162		212		252		136
	Segregated cash due from banks				36		3		4		20		20
	Trading securities at fair value				497		572		533		589		534
	Securities available for sale at fair value (1)				25,137		24,098		25,067		24,380		22,313
	Securities held to maturity				13,594		13,140		12,576		13,485		14,094
	Loans and leases:
		Commercial loans and leases
			Commercial and industrial		38,295		38,012		36,938		36,156		36,415
			Commercial real estate—other		11,461		10,913		10,457		10,543		10,689
			Commercial real estate—residential ADC		1,261		1,454		1,590		1,823		2,061
		Direct retail lending			15,817		15,710		15,183		14,897		14,506
		Sales finance loans			7,736		7,723		7,794		7,587		7,401
		Revolving credit loans			2,330		2,291		2,206		2,159		2,212
		Residential mortgage loans			24,272		24,293		23,117		21,513		20,581
		Other lending subsidiaries			10,137		10,056		9,835		8,951		8,737
			Total loans and leases held for investment (excluding covered loans)		111,309		110,452		107,120		103,629		102,602
		Covered loans			3,294		3,688		3,955		4,532		4,867
			Total loans and leases held for investment		114,603		114,140		111,075		108,161		107,469
		Loans held for sale			3,761		3,467		2,736		2,525		3,736
			Total loans and leases		118,364		117,607		113,811		110,686		111,205
	Allowance for loan and lease losses				(2,018)		(2,051)		(2,126)		(2,181)		(2,256)
	FDIC loss share receivable				479		656		831		949		1,100
	Premises and equipment				1,888		1,940		1,816		1,822		1,855
	Goodwill				6,804		6,718		6,428		6,077		6,078
	Core deposit and other intangible assets				673		718		683		422		444
	Residential mortgage servicing rights at fair value				627		563		578		696		563
	Other assets (2)				14,038		14,554		14,461		13,755		14,285
		Total assets		$	183,872	$	182,021	$	178,529	$	174,752	$	174,579
Liabilities and Shareholders' Equity
	Deposits:
		Noninterest-bearing deposits		$	32,452	$	30,810	$	28,664	$	27,410	$	25,684
		Interest checking			21,091		20,182		20,228		20,318		20,701
		Money market and savings			47,908		48,099		46,611		46,759		44,618
		Certificates and other time deposits			31,624		30,927		30,556		29,648		33,899
		Foreign office deposits - interest-bearing			―		―		―		22		37
			Total deposits		133,075		130,018		126,059		124,157		124,939
	Fed funds purchased, repos and other borrowings				2,864		3,093		3,196		3,436		3,566
	Long-term debt				19,114		19,221		22,561		22,768		21,803
	Other liabilities				7,596		9,157		7,787		6,509		6,791
		Total liabilities			162,649		161,489		159,603		156,870		157,099
	Shareholders' equity:
		Preferred stock			2,116		1,679		559		―		―
		Common stock			3,499		3,498		3,494		3,492		3,486
		Additional paid-in capital			5,973		5,950		5,914		5,880		5,873
		Retained earnings			10,129		9,761		9,433		9,064		8,772
		Accumulated other comprehensive loss			(559)		(409)		(541)		(616)		(713)
		Noncontrolling interests			65		53		67		62		62
		Total shareholders' equity			21,223		20,532		18,926		17,882		17,480
		Total liabilities and shareholders' equity		$	183,872	$	182,021	$	178,529	$	174,752	$	174,579
(1)	Includes $1.6 billion, $1.6 billion, $1.6 billion, $1.6 billion and $1.6 billion at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively, covered by FDIC loss sharing agreements.
(2)	Includes $297 million, $327 million, $349 million, $403 million and $415 million of foreclosed property and other assets covered by FDIC loss sharing agreements at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively.

10

BB&T Corporation
Average Balance Sheets
(Dollars in millions)
					Quarter Ended								Year-to-Date
					December 31				Change				December 31				Change
					2012		2011		$		%		2012		2011		$		%
Assets
	Total securities, at amortized cost (1)
		U.S. government-sponsored entities (GSE)			$	3,228	$	709	$	2,519	NM	%	$	1,445	$	288	$	1,157	NM	%
		Mortgage-backed securities issued by GSE				29,162		31,053		(1,891)	(6.1)			30,848		25,305		5,543	21.9
		States and political subdivisions				1,841		1,861		(20)	(1.1)			1,851		1,895		(44)	(2.3)
		Non-agency mortgage-backed securities				312		459		(147)	(32.0)			346		528		(182)	(34.5)
		Other securities				695		544		151	27.8			661		658		3	0.5
		Covered securities				1,145		1,241		(96)	(7.7)			1,183		1,249		(66)	(5.3)
			Total securities			36,383		35,867		516	1.4			36,334		29,923		6,411	21.4
	Other earning assets					3,377		2,974		403	13.6			3,359		3,207		152	4.7
	Loans and leases
		Commercial loans and leases
			Commercial and industrial			38,022		35,232		2,790	7.9			36,966		34,153		2,813	8.2
			Commercial real estate—other			11,032		10,839		193	1.8			10,779		11,139		(360)	(3.2)
			Commercial real estate—residential ADC			1,398		2,298		(900)	(39.2)			1,665		2,769		(1,104)	(39.9)
		Direct retail lending				15,767		14,183		1,584	11.2			15,270		13,850		1,420	10.3
		Sales finance loans				7,724		7,308		416	5.7			7,680		7,202		478	6.6
		Revolving credit loans				2,280		2,159		121	5.6			2,217		2,106		111	5.3
		Residential mortgage loans				23,820		20,051		3,769	18.8			22,623		18,782		3,841	20.5
		Other lending subsidiaries				10,051		8,627		1,424	16.5			9,525		8,280		1,245	15.0
			Total loans and leases held for investment
				(excluding covered loans)		110,094		100,697		9,397	9.3			106,725		98,281		8,444	8.6
		Covered loans				3,477		5,109		(1,632)	(31.9)			4,045		5,498		(1,453)	(26.4)
			Total loans and leases held for investment			113,571		105,806		7,765	7.3			110,770		103,779		6,991	6.7
		Loans held for sale				3,532		2,717		815	30.0			2,963		2,183		780	35.7
			Total loans and leases			117,103		108,523		8,580	7.9			113,733		105,962		7,771	7.3
				Total earning assets		156,863		147,364		9,499	6.4			153,426		139,092		14,334	10.3
	Nonearning assets					25,341		24,132		1,209	5.0			24,676		23,874		802	3.4
	Total assets				$	182,204	$	171,496	$	10,708	6.2	%	$	178,102	$	162,966	$	15,136	9.3	%
Liabilities and Shareholders' Equity
	Deposits
		Noninterest-bearing deposits			$	31,849	$	25,216	$	6,633	26.3	%	$	28,925	$	22,945	$	5,980	26.1	%
		Interest checking				19,837		19,467		370	1.9			19,904		18,614		1,290	6.9
		Money market and savings				47,965		44,789		3,176	7.1			46,927		41,287		5,640	13.7
		Certificates and other time deposits				31,724		32,290		(566)	(1.8)			31,647		28,825		2,822	9.8
		Foreign office deposits - interest-bearing				387		163		224	137.4			214		647		(433)	(66.9)
			Total deposits			131,762		121,925		9,837	8.1			127,617		112,318		15,299	13.6
	Fed funds purchased, repos and other borrowings					3,340		3,727		(387)	(10.4)			3,408		5,189		(1,781)	(34.3)
	Long-term debt					18,689		21,689		(3,000)	(13.8)			20,651		22,257		(1,606)	(7.2)
	Other liabilities					7,225		6,400		825	12.9			6,949		5,935		1,014	17.1
			Total liabilities			161,016		153,741		7,275	4.7			158,625		145,699		12,926	8.9
	Shareholders' equity					21,188		17,755		3,433	19.3			19,477		17,267		2,210	12.8
	Total liabilities and shareholders' equity				$	182,204	$	171,496	$	10,708	6.2	%	$	178,102	$	162,966	$	15,136	9.3	%
Average balances exclude basis adjustments for fair value hedges.
(1)	Total securities include securities available for sale and securities held to maturity.
NM - not meaningful.

11

BB&T Corporation
Average Balance Sheets - Five Quarter Trend
(Dollars in millions)
					Quarter Ended
					Dec. 31		Sept. 30		June 30		March 31		Dec. 31
					2012		2012		2012		2012		2011
Assets
	Total securities, at amortized cost (1)
		U.S. government-sponsored entities (GSE)			$	3,228	$	870	$	848	$	820	$	709
		Mortgage-backed securities issued by GSE				29,162		30,338		32,176		31,742		31,053
		States and political subdivisions				1,841		1,848		1,857		1,858		1,861
		Non-agency mortgage-backed securities				312		325		338		411		459
		Other securities				695		708		704		532		544
		Covered securities				1,145		1,171		1,191		1,226		1,241
			Total securities			36,383		35,260		37,114		36,589		35,867
	Other earning assets					3,377		3,049		3,511		3,502		2,974
	Loans and leases
		Commercial loans and leases
			Commercial and industrial			38,022		37,516		36,293		36,021		35,232
			Commercial real estate—other			11,032		10,823		10,578		10,678		10,839
			Commercial real estate—residential ADC			1,398		1,534		1,744		1,989		2,298
		Direct retail lending				15,767		15,520		15,071		14,712		14,183
		Sales finance loans				7,724		7,789		7,690		7,516		7,308
		Revolving credit loans				2,280		2,234		2,178		2,175		2,159
		Residential mortgage loans				23,820		23,481		22,114		21,056		20,051
		Other lending subsidiaries				10,051		9,998		9,370		8,668		8,627
			Total loans and leases held for investment (excluding covered loans)			110,094		108,895		105,038		102,815		100,697
		Covered loans				3,477		3,826		4,211		4,672		5,109
			Total loans and leases held for investment			113,571		112,721		109,249		107,487		105,806
		Loans held for sale				3,532		2,888		2,511		2,916		2,717
			Total loans and leases			117,103		115,609		111,760		110,403		108,523
				Total earning assets		156,863		153,918		152,385		150,494		147,364
	Nonearning assets					25,341		25,388		24,485		23,475		24,132
	Total assets				$	182,204	$	179,306	$	176,870	$	173,969	$	171,496
Liabilities and Shareholders' Equity
	Deposits
		Noninterest-bearing deposits			$	31,849	$	29,990	$	27,643	$	26,173	$	25,216
		Interest checking				19,837		20,157		19,911		19,712		19,467
		Money market and savings				47,965		47,500		46,557		45,667		44,789
		Certificates and other time deposits				31,724		30,727		31,205		32,942		32,290
		Foreign office deposits - interest-bearing				387		321		32		112		163
			Total deposits			131,762		128,695		125,348		124,606		121,925
	Fed funds purchased, repos and other borrowings					3,340		3,478		3,362		3,452		3,727
	Long-term debt					18,689		19,682		22,544		21,720		21,689
	Other liabilities					7,225		7,326		6,879		6,362		6,400
		Total liabilities				161,016		159,181		158,133		156,140		153,741
	Shareholders' equity					21,188		20,125		18,737		17,829		17,755
	Total liabilities and shareholders' equity				$	182,204	$	179,306	$	176,870	$	173,969	$	171,496
Average balances exclude basis adjustments for fair value hedges.
(1)	Total securities include securities available for sale and securities held to maturity.

12

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)
					Quarter Ended
					December 31, 2012						September 30, 2012
					(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Total securities, at amortized cost (3)
		U.S. government-sponsored entities (GSE)			$	3,228	$	15	1.83	%	$	870	$	3	1.43	%
		Mortgage-backed securities issued by GSE				29,162		139	1.90			30,338		151	2.00
		States and political subdivisions				1,841		27	5.82			1,848		27	5.83
		Non-agency mortgage-backed securities				312		4	5.67			325		5	5.55
		Other securities				695		2	1.48			708		3	1.57
		Covered securities				1,145		48	16.53			1,171		44	15.12
			Total securities			36,383		235	2.58			35,260		233	2.64
	Other earning assets					3,377		10	1.16			3,049		8	1.07
	Loans and leases
		Commercial loans and leases
			Commercial and industrial			38,022		369	3.87			37,516		367	3.89
			Commercial real estate—other			11,032		106	3.82			10,823		104	3.83
			Commercial real estate—residential ADC			1,398		15	4.14			1,534		14	3.78
		Direct retail lending				15,767		191	4.80			15,520		187	4.81
		Sales finance loans				7,724		73	3.72			7,789		75	3.85
		Revolving credit loans				2,280		48	8.40			2,234		47	8.39
		Residential mortgage loans				23,820		251	4.23			23,481		252	4.28
		Other lending subsidiaries				10,051		271	10.73			9,998		271	10.80
			Total loans and leases held for investment
				(excluding covered loans)		110,094		1,324	4.79			108,895		1,317	4.82
		Covered loans				3,477		166	18.98			3,826		175	18.21
			Total loans and leases held for investment			113,571		1,490	5.22			112,721		1,492	5.27
		Loans held for sale				3,532		28	3.27			2,888		25	3.35
			Total loans and leases			117,103		1,518	5.16			115,609		1,517	5.23
				Total earning assets		156,863		1,763	4.48			153,918		1,758	4.55
	Nonearning assets					25,341						25,388
	Total assets				$	182,204					$	179,306
Liabilities and Shareholders' Equity
	Interest-bearing deposits
		Interest checking			$	19,837		6	0.12		$	20,157		7	0.12
		Money market and savings				47,965		19	0.15			47,500		22	0.19
		Certificates and other time deposits				31,724		71	0.90			30,727		76	0.99
		Foreign office deposits - interest-bearing				387		―	0.13			321		―	0.12
			Total interest-bearing deposits			99,913		96	0.38			98,705		105	0.42
	Fed funds purchased, repos and other borrowings					3,340		2	0.27			3,478		3	0.25
	Long-term debt					18,689		152	3.24			19,682		130	2.64
		Total interest-bearing liabilities				121,942		250	0.82			121,865		238	0.78
	Noninterest-bearing deposits					31,849						29,990
	Other liabilities					7,225						7,326
	Shareholders' equity					21,188						20,125
	Total liabilities and shareholders' equity				$	182,204					$	179,306
	Average interest-rate spread								3.66						3.77
	Net interest income/ net interest margin						$	1,513	3.84	%			$	1,520	3.94	%
	Taxable-equivalent adjustment						$	37					$	37
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Total securities include securities available for sale and securities held to maturity.

13

BB&T Corporation
Average Balances and Rates - Quarters
(Dollars in millions)
					Quarter Ended
					June 30, 2012						March 31, 2012						December 31, 2011
					(1)		Interest		(2)		(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Total securities, at amortized cost (3)
		U.S. government-sponsored entities (GSE)			$	848	$	3	1.49	%	$	820	$	3	1.54	%	$	709	$	2	1.57	%
		Mortgage-backed securities issued by GSE				32,176		160	1.98			31,742		174	2.20			31,053		164	2.12
		States and political subdivisions				1,857		27	5.85			1,858		27	5.84			1,861		28	5.82
		Non-agency mortgage-backed securities				338		5	5.76			411		6	5.98			459		8	7.26
		Other securities				704		3	1.58			532		2	1.64			544		2	1.61
		Covered securities				1,191		46	15.62			1,226		34	11.02			1,241		43	13.89
			Total securities			37,114		244	2.62			36,589		246	2.70			35,867		247	2.76
	Other earning assets					3,511		6	0.69			3,502		7	0.76			2,974		4	0.57
	Loans and leases
		Commercial loans and leases
			Commercial and industrial			36,293		366	4.06			36,021		362	4.04			35,232		368	4.14
			Commercial real estate—other			10,578		100	3.79			10,678		101	3.81			10,839		105	3.82
			Commercial real estate—residential ADC			1,744		16	3.67			1,989		18	3.58			2,298		20	3.46
		Direct retail lending				15,071		184	4.90			14,712		182	4.98			14,183		183	5.12
		Sales finance loans				7,690		77	4.03			7,516		80	4.27			7,308		84	4.56
		Revolving credit loans				2,178		45	8.35			2,175		46	8.51			2,159		48	8.68
		Residential mortgage loans				22,114		247	4.47			21,056		239	4.54			20,051		232	4.65
		Other lending subsidiaries				9,370		260	11.17			8,668		249	11.53			8,627		247	11.36
			Total loans and leases held for investment
				(excluding covered loans)		105,038		1,295	4.95			102,815		1,277	4.99			100,697		1,287	5.08
		Covered loans				4,211		200	19.01			4,672		224	19.32			5,109		244	18.96
			Total loans and leases held for investment			109,249		1,495	5.50			107,487		1,501	5.61			105,806		1,531	5.75
		Loans held for sale				2,511		22	3.51			2,916		26	3.62			2,717		25	3.71
			Total loans and leases			111,760		1,517	5.45			110,403		1,527	5.56			108,523		1,556	5.69
				Total earning assets		152,385		1,767	4.65			150,494		1,780	4.75			147,364		1,807	4.88
	Nonearning assets					24,485						23,475						24,132
	Total assets				$	176,870					$	173,969					$	171,496
Liabilities and Shareholders' Equity
	Interest-bearing deposits
		Interest checking			$	19,911		6	0.12		$	19,712		6	0.13		$	19,467		7	0.15
		Money market and savings				46,557		22	0.19			45,667		22	0.19			44,789		24	0.21
		Certificates and other time deposits				31,205		79	1.02			32,942		93	1.13			32,290		106	1.30
		Foreign office deposits - interest-bearing				32		―	0.06			112		―	0.03			163		―	0.03
			Total interest-bearing deposits			97,705		107	0.44			98,433		121	0.49			96,709		137	0.56
	Fed funds purchased, repos and other borrowings					3,362		3	0.31			3,452		1	0.23			3,727		2	0.24
	Long-term debt					22,544		157	2.79			21,720		185	3.41			21,689		179	3.28
		Total interest-bearing liabilities				123,611		267	0.87			123,605		307	1.00			122,125		318	1.04
	Noninterest-bearing deposits					27,643						26,173						25,216
	Other liabilities					6,879						6,362						6,400
	Shareholders' equity					18,737						17,829						17,755
	Total liabilities and shareholders' equity				$	176,870					$	173,969					$	171,496
	Average interest-rate spread								3.78						3.75						3.84
	Net interest income/ net interest margin						$	1,500	3.95	%			$	1,473	3.93	%			$	1,489	4.02	%
	Taxable-equivalent adjustment						$	38					$	37					$	37
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Total securities include securities available for sale and securities held to maturity.

14

BB&T Corporation
Average Balances and Rates - Year-To-Date
(Dollars in millions)
					Year-to-Date
					December 31, 2012						December 31, 2011
					(1)		Interest		(2)		(1)		Interest		(2)
					Average		Income/		Yields/		Average		Income/		Yields/
					Balances		Expense		Rates		Balances		Expense		Rates
Assets
	Total securities, at amortized cost (3)
		U.S. government-sponsored entities (GSE)			$	1,445	$	24	1.67	%	$	288	$	4	1.52	%
		Mortgage-backed securities issued by GSE				30,848		624	2.02			25,305		472	1.86
		States and political subdivisions				1,851		108	5.83			1,895		109	5.72
		Non-agency mortgage-backed securities				346		20	5.76			528		35	6.72
		Other securities				661		10	1.56			658		10	1.55
		Covered securities				1,183		172	14.53			1,249		168	13.46
			Total securities			36,334		958	2.64			29,923		798	2.67
	Other earning assets					3,359		31	0.91			3,207		20	0.62
	Loans and leases
		Commercial loans and leases
			Commercial and industrial			36,966		1,464	3.96			34,153		1,446	4.23
			Commercial real estate—other			10,779		411	3.81			11,139		425	3.81
			Commercial real estate—residential ADC			1,665		63	3.76			2,769		97	3.51
		Direct retail lending				15,270		744	4.87			13,850		722	5.22
		Sales finance loans				7,680		305	3.97			7,202		352	4.88
		Revolving credit loans				2,217		186	8.41			2,106		185	8.77
		Residential mortgage loans				22,623		989	4.37			18,782		902	4.80
		Other lending subsidiaries				9,525		1,051	11.04			8,280		953	11.51
			Total loans and leases held for investment
				(excluding covered loans)		106,725		5,213	4.88			98,281		5,082	5.17
		Covered loans				4,045		765	18.91			5,498		1,053	19.15
			Total loans and leases held for investment			110,770		5,978	5.40			103,779		6,135	5.91
		Loans held for sale				2,963		101	3.42			2,183		82	3.75
			Total loans and leases			113,733		6,079	5.35			105,962		6,217	5.87
				Total earning assets		153,426		7,068	4.61			139,092		7,035	5.06
	Nonearning assets					24,676						23,874
	Total assets				$	178,102					$	162,966
Liabilities and Shareholders' Equity
	Interest-bearing deposits
		Interest checking			$	19,904		25	0.12		$	18,614		30	0.16
		Money market and savings				46,927		85	0.18			41,287		129	0.31
		Certificates and other time deposits				31,647		319	1.01			28,825		453	1.57
		Foreign office deposits - interest-bearing				214		―	0.11			647		(2)	(0.37)
			Total interest-bearing deposits			98,692		429	0.43			89,373		610	0.68
	Fed funds purchased, repos and other borrowings					3,408		9	0.26			5,189		14	0.27
	Long-term debt					20,651		624	3.02			22,257		757	3.40
		Total interest-bearing liabilities				122,751		1,062	0.86			116,819		1,381	1.18
	Noninterest-bearing deposits					28,925						22,945
	Other liabilities					6,949						5,935
	Shareholders' equity					19,477						17,267
	Total liabilities and shareholders' equity				$	178,102					$	162,966
	Average interest-rate spread								3.75						3.88
	Net interest income/ net interest margin						$	6,006	3.91	%			$	5,654	4.06	%
	Taxable-equivalent adjustment						$	149					$	147
Applicable ratios are annualized.
(1)	Excludes basis adjustments for fair value hedges.
(2)	Yields are on a fully taxable-equivalent basis.
(3)	Total securities include securities available for sale and securities held to maturity.

15

BB&T Corporation
Credit Quality
(Dollars in millions)
				As of
				Dec. 31		Sept. 30		June 30		March 31		Dec. 31
				2012		2012		2012		2012		2011
Nonperforming assets (1)
	Nonaccrual loans and leases
		Commercial loans and leases
			Commercial and industrial	$	546	$	597	$	620	$	685	$	582
			Commercial real estate—other		212		259		301		312		394
			Commercial real estate—residential ADC		128		204		241		312		376
		Direct retail lending			132		134		133		139		142
		Sales finance loans			7		7		13		15		7
		Residential mortgage loans			269		266		263		320		308
		Other lending subsidiaries			86		73		76		60		63
			Total nonaccrual loans and leases held for investment		1,380		1,540		1,647		1,843		1,872
	Foreclosed real estate (2)				107		139		221		378		536
	Other foreclosed property				49		39		29		35		42
			Total nonperforming assets (excluding covered assets) (2)	$	1,536	$	1,718	$	1,897	$	2,256	$	2,450
Performing troubled debt restructurings (TDRs) (3)
		Commercial loans and leases
			Commercial and industrial	$	77	$	66	$	62	$	76	$	74
			Commercial real estate—other		67		75		78		82		117
			Commercial real estate—residential ADC		21		25		28		30		44
		Direct retail lending			197		120		114		117		146
		Sales finance loans			19		7		7		7		8
		Revolving credit loans			56		58		58		61		62
		Residential mortgage loans (6)			769		646		636		589		608
		Other lending subsidiaries			96		77		69		53		50
			Total performing TDRs (6)(11)	$	1,302	$	1,074	$	1,052	$	1,015	$	1,109
Loans 90 days or more past due and still accruing
		Commercial loans and leases
			Commercial and industrial	$	1	$	1	$	2	$	2	$	2
			Commercial real estate—other		―		―		―		1		―
		Direct retail lending			38		41		39		49		56
		Sales finance loans			10		11		11		13		18
		Revolving credit loans			16		14		13		14		17
		Residential mortgage loans (7)(9)			92		80		78		72		104
		Other lending subsidiaries			10		5		4		6		5
			Total loans 90 days past due and still accruing (excluding covered loans) (4)(7)(9)	$	167	$	152	$	147	$	157	$	202
Loans 30-89 days past due
		Commercial loans and leases
			Commercial and industrial	$	42	$	41	$	53	$	62	$	85
			Commercial real estate—other		12		9		16		26		22
			Commercial real estate—residential ADC		2		8		9		8		14
		Direct retail lending			145		136		119		135		162
		Sales finance loans			56		53		49		50		75
		Revolving credit loans			23		21		20		20		22
		Residential mortgage loans (8)(10)			498		501		423		397		479
		Other lending subsidiaries			290		259		218		172		273
			Total loans 30-89 days past due (excluding covered loans) (5)(8)(10)	$	1,068	$	1,028	$	907	$	870	$	1,132
(1)	Covered loans are considered to be performing due to the application of the accretion method. Covered loans that are contractually past due are noted in the footnotes below.
(2)	Excludes foreclosed real estate totaling $254 million, $289 million, $310 million, $364 million and $378 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively, that are covered by FDIC loss sharing agreements.
(3)	Excludes TDRs that are nonperforming totaling $231 million, $225 million, $219 million, $263 million and $280 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively. These amounts are included in total nonperforming assets.
(4)	Excludes loans past due 90 days or more that are covered by FDIC loss sharing agreements totaling $442 million, $476 million, $613 million, $677 million and $736 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively.
(5)	Excludes loans past due 30-89 days that are covered by FDIC loss sharing agreements totaling $135 million, $173 million, $199 million, $258 million and $222 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively.
(6)	Excludes mortgage TDRs that are government guaranteed totaling $315 million, $275 million, $266 million, $242 million and $236 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively. Includes mortgage TDRs held for sale.
(7)	Excludes mortgage loans past due 90 days or more that are government guaranteed totaling $254 million, $233 million, $217 million, $218 million and $206 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively. Includes past due mortgage loans held for sale.
(8)	Excludes mortgage loans past due 30-89 days that are government guaranteed totaling $96 million, $95 million, $94 million, $82 million and $91 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively. Includes past due mortgage loans held for sale.
(9)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase that are past due 90 days or more totaling $517 million, $499 million, $453 million, $439 million and $426 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively.
(10)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase that are past due 30-89 days totaling $5 million, $6 million, $5 million, $5 million and $7 million at December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012 and December 31, 2011, respectively.
(11)	Includes $226 million of performing loans that were classified as TDRs during the fourth quarter of 2012 in connection with recent regulatory guidance related to loans discharged in bankruptcy not reaffirmed by the borrower.

16

BB&T Corporation
Credit Quality
(Dollars in millions)
				As of/For the Quarter Ended
				Dec. 31		Sept. 30		June 30		March 31		Dec. 31
				2012		2012		2012		2012		2011
Allowance for credit losses
	Beginning balance			$	2,096	$	2,157	$	2,221	$	2,285	$	2,406
	Provision for credit losses (excluding covered loans)				256		244		259		285		223
	Provision for covered loans				(4)		―		14		3		49
	Charge-offs
		Commercial loans and leases
			Commercial and industrial		(98)		(84)		(92)		(63)		(81)
			Commercial real estate—other		(41)		(40)		(51)		(73)		(60)
			Commercial real estate—residential ADC		(27)		(35)		(74)		(54)		(92)
		Direct retail lending			(54)		(57)		(56)		(57)		(58)
		Sales finance loans			(7)		(5)		(7)		(7)		(8)
		Revolving credit loans			(19)		(20)		(20)		(22)		(21)
		Residential mortgage loans			(29)		(35)		(30)		(42)		(45)
		Other lending subsidiaries			(60)		(58)		(47)		(60)		(53)
		Covered loans			(5)		(2)		(12)		(15)		(13)
			Total charge-offs		(340)		(336)		(389)		(393)		(431)
	Recoveries
		Commercial loans and leases
			Commercial and industrial		5		4		4		4		6
			Commercial real estate—other		4		3		3		3		3
			Commercial real estate—residential ADC		8		2		23		8		5
		Direct retail lending			9		9		8		10		10
		Sales finance loans			3		2		2		3		2
		Revolving credit loans			4		5		4		5		5
		Residential mortgage loans			1		―		1		1		2
		Other lending subsidiaries			6		6		7		7		5
			Total recoveries		40		31		52		41		38
	Net charge-offs				(300)		(305)		(337)		(352)		(393)
	Ending balance			$	2,048	$	2,096	$	2,157	$	2,221	$	2,285
Allowance for credit losses
	Allowance for loan and lease losses (excluding covered loans)			$	1,890	$	1,914	$	1,987	$	2,044	$	2,107
	Allowance for covered loans				128		137		139		137		149
	Reserve for unfunded lending commitments				30		45		31		40		29
		Total		$	2,048	$	2,096	$	2,157	$	2,221	$	2,285
											As of/For the
											Twelve Months Ended
											December 31
											2012		2011
Allowance for credit losses
	Beginning balance									$	2,285	$	2,755
	Provision for credit losses (excluding covered loans)										1,044		1,119
	Provision for covered loans										13		71
	Charge-offs
		Commercial loans and leases
			Commercial and industrial								(337)		(323)
			Commercial real estate—other								(205)		(273)
			Commercial real estate—residential ADC								(190)		(302)
		Direct retail lending									(224)		(276)
		Sales finance loans									(26)		(32)
		Revolving credit loans									(81)		(95)
		Residential mortgage loans (1)									(136)		(269)
		Other lending subsidiaries									(225)		(190)
		Covered loans									(34)		(66)
			Total charge-offs								(1,458)		(1,826)
	Recoveries
		Commercial loans and leases
			Commercial and industrial								17		28
			Commercial real estate—other								13		18
			Commercial real estate—residential ADC								41		25
		Direct retail lending									36		37
		Sales finance loans									10		9
		Revolving credit loans									18		19
		Residential mortgage loans									3		5
		Other lending subsidiaries									26		25
			Total recoveries								164		166
	Net charge-offs										(1,294)		(1,660)
	Ending balance									$	2,048	$	2,285
(1)	Includes charge-offs of $87 million in the second quarter of 2011 in connection with BB&T's NPL disposition strategy.

17

BB&T Corporation
Credit Quality
			As of/For the Quarter Ended
			Dec. 31		Sept. 30		June 30		March 31		Dec. 31
			2012		2012		2012		2012		2011
Asset Quality Ratios (including covered assets)
	Loans 30-89 days past due and still accruing as a
		percentage of total loans and leases (1)(2)	1.02	%	1.02	%	0.97	%	1.02	%	1.22	%
	Loans 90 days or more past due and still accruing
		as a percentage of total loans and leases (1)(2)	0.52		0.53		0.67		0.75		0.84
	Nonperforming loans and leases as a
		percentage of total loans and leases	1.17		1.31		1.45		1.67		1.68
	Nonperforming assets as a percentage of:
		Total assets	0.97		1.10		1.24		1.50		1.62
		Loans and leases plus foreclosed property	1.51		1.70		1.93		2.35		2.52
	Net charge-offs as a percentage of average loans and leases		1.02		1.05		1.21		1.28		1.44
	Allowance for loan and lease losses as a percentage of
		loans and leases held for investment	1.76		1.80		1.91		2.02		2.10
	Ratio of allowance for loan and lease losses to:
		Net charge-offs	1.69	X	1.69	X	1.57	X	1.54	X	1.45	X
		Nonperforming loans and leases held for investment	1.46		1.33		1.29		1.18		1.21
Asset Quality Ratios (excluding covered assets) (3)
	Loans 30-89 days past due and still accruing as a
		percentage of total loans and leases (1)(2)	0.93	%	0.90	%	0.83	%	0.82	%	1.06	%
	Loans 90 days or more past due and still accruing
		as a percentage of total loans and leases (1)(2)	0.15		0.13		0.13		0.15		0.19
	Nonperforming loans and leases as a
		percentage of total loans and leases	1.20		1.35		1.50		1.74		1.76
	Nonperforming assets as a percentage of:
		Total assets	0.85		0.97		1.09		1.33		1.45
		Loans and leases plus foreclosed property	1.33		1.51		1.72		2.12		2.29
	Net charge-offs as a percentage of average loans and leases		1.04		1.08		1.22		1.28		1.46
	Allowance for loan and lease losses as a percentage of
		loans and leases held for investment	1.70		1.73		1.86		1.97		2.05
	Ratio of allowance for loan and lease losses to:
		Net charge-offs	1.60	X	1.59	X	1.52	X	1.51	X	1.40	X
		Nonperforming loans and leases held for investment	1.37		1.24		1.21		1.11		1.13
									As of/For the
									Twelve Months Ended
									December 31
									2012		2011
Asset Quality Ratios
	Including covered loans:
		Net charge-offs as a percentage of average loans and leases							1.14	%	1.57	%
		Ratio of allowance for loan and lease losses to net charge-offs							1.56	X	1.36	X
	Excluding covered loans:
		Net charge-offs as a percentage of average loans and leases (4)							1.15	%	1.59	%
		Ratio of allowance for loan and lease losses to net charge-offs							1.50	X	1.32	X
Applicable ratios are annualized.
(1)	Excludes mortgage loans guaranteed by GNMA that BB&T does not have the obligation to repurchase. Refer to the footnotes in the Credit Quality section of this supplement for amounts related to these loans.
(2)	Excludes mortgage loans guaranteed by the government. Refer to the footnotes in the Credit Quality section of this supplement for amounts related to these loans.
(3)	These asset quality ratios have been adjusted to remove the impact of covered loans and covered foreclosed property.  Appropriate adjustments to the numerator and denominator have been reflected in the calculation of these ratios.  Management believes the inclusion of covered loans in certain asset quality ratios that include nonperforming assets, past due loans or net charge-offs in the numerator or denominator results in distortion of these ratios and they may not be comparable to other periods presented or to other portfolios that were not impacted by purchase accounting.
(4)	Excluding the impact of losses and balances associated with BB&T's NPL disposition strategy, the adjusted net charge-offs ratio would have been 1.50% for the twelve months ended December 31, 2011.

18

BB&T Corporation
Credit Quality - Supplemental Information
(Dollars in millions)
			As of December 31, 2012
							Past Due 30-89				Past Due 90+
			Current Status				Days				Days				Total
Performing TDRs: (1)
	Commercial loans
		Commercial and industrial	$	76	98.7	%	$	1	1.3	%	$	―	―	%	$	77
		Commercial real estate—other		67	100.0			―	―			―	―			67
		Commercial real estate—residential ADC		21	100.0			―	―			―	―			21
	Direct retail lending			183	92.9			12	6.1			2	1.0			197
	Sales finance loans			16	84.2			2	10.5			1	5.3			19
	Revolving credit loans			45	80.4			5	8.9			6	10.7			56
	Residential mortgage loans (2)			643	83.6			106	13.8			20	2.6			769
	Other lending subsidiaries			84	87.5			12	12.5			―	―			96
		Total performing TDRs		1,135	87.2			138	10.6			29	2.2			1,302
Nonperforming TDRs (3)				60	26.0			22	9.5			149	64.5			231
		Total TDRs (2)	$	1,195	78.0	%	$	160	10.4	%	$	178	11.6	%	$	1,533

		Quarter Ended
		Dec. 31		Sept. 30		June 30		March 31		Dec. 31
		2012		2012		2012		2012		2011
Net charge-offs as a percentage of
	average loans and leases:
Commercial loans and leases
	Commercial and industrial	0.97	%	0.85	%	0.97	%	0.66	%	0.84	%
	Commercial real estate—other	1.37		1.37		1.84		2.64		2.11
	Commercial real estate—residential ADC	5.36		8.40		11.74		9.37		14.84
Direct retail lending		1.13		1.24		1.27		1.28		1.36
Sales finance loans		0.20		0.16		0.24		0.23		0.34
Revolving credit loans		2.65		2.63		3.05		3.12		3.13
Residential mortgage loans		0.47		0.59		0.53		0.78		0.86
Other lending subsidiaries		2.16		2.04		1.74		2.45		2.16
Covered loans		0.50		0.28		1.11		1.29		0.99
Total loans and leases (4)		1.02		1.05		1.21		1.28		1.44
Total loans and leases, excluding covered loans (4)		1.04		1.08		1.22		1.28		1.46
								Year-to-date
								Dec. 31		Dec. 31
								2012		2011
Net charge-offs as a percentage of
	average loans and leases:
Commercial loans and leases
	Commercial and industrial							0.87	%	0.86	%
	Commercial real estate—other							1.80		2.29
	Commercial real estate—residential ADC							8.92		9.97
Direct retail lending								1.23		1.74
Sales finance loans								0.21		0.32
Revolving credit loans								2.86		3.62
Residential mortgage loans								0.59		1.41
Other lending subsidiaries								2.09		1.99
Covered loans								0.83		1.20
Total loans and leases (4)								1.14		1.57
Total loans and leases, excluding covered loans (4)								1.15		1.59
Applicable ratios are annualized.
(1)	Past due performing TDRs are included in past due disclosures.
(2)	Excludes mortgage TDRs that are government guaranteed totaling $315 million.
(3)	Nonperforming TDRs are included in nonaccrual loan disclosures.
(4)	Total loans and leases includes loans held for sale.

19

BB&T Corporation
Capital Information - Five Quarter Trend
(Dollars in millions, except per share data, shares in thousands)
				As of / Quarter Ended
			Dec. 31			Sept. 30			June 30			March 31			Dec. 31
			2012			2012			2012			2012			2011
Selected Capital Information (1)
	Risk-based capital
		Tier 1	$	14,373		$	13,593		$	12,383		$	15,207		$	14,913
		Total		18,146			17,536			16,433			19,342			18,802
	Risk-weighted assets (2)			126,466			125,156			121,922			119,042			119,725
	Average quarterly tangible assets			175,015			172,100			170,042			167,771			165,349
	Risk-based capital ratios
		Tier 1		11.4	%		10.9	%		10.2	%		12.8	%		12.5	%
		Total		14.3			14.0			13.5			16.2			15.7
	Leverage capital ratio			8.2			7.9			7.3			9.1			9.0
	Equity as a percentage of total assets			11.5			11.3			10.6			10.2			10.0
	Book value per common share		$	27.21		$	26.88		$	26.19		$	25.51		$	24.98
Selected non-GAAP Capital Information (3)
	Tangible common equity as a percentage of tangible assets			6.9	%		6.8	%		6.9	%		7.1	%		6.9	%
	Tier 1 common equity as a percentage of risk-weighted assets			9.7			9.5			9.7			10.0			9.7
	Tangible book value per common share		$	17.52		$	17.02		$	16.92		$	17.12		$	16.73
Calculations of Tier 1 common equity and tangible assets and related measures:
Tier 1 equity			$	14,373		$	13,593		$	12,383		$	15,207		$	14,913
Less:
	Preferred stock			2,116			1,679			559			―			―
	Qualifying restricted core capital elements			―			5			―			3,250			3,250
Tier 1 common equity			$	12,257		$	11,909		$	11,824		$	11,957		$	11,663
Total assets			$	183,872		$	182,021		$	178,529		$	174,752		$	174,579
Less:
	Intangible assets, net of deferred taxes			7,273			7,239			6,950			6,402			6,406
Plus:
	Regulatory adjustments, net of deferred taxes			212			81			239			327			421
Tangible assets			$	176,811		$	174,863		$	171,818		$	168,677		$	168,594
Total risk-weighted assets (2)			$	126,466		$	125,156		$	121,922		$	119,042		$	119,725
Tangible common equity as a percentage of tangible assets				6.9	%		6.8	%		6.9	%		7.1	%		6.9	%
Tier 1 common equity as a percentage of risk-weighted assets				9.7			9.5			9.7			10.0			9.7
Tier 1 common equity			$	12,257		$	11,909		$	11,824		$	11,957		$	11,663
Outstanding shares at end of period (in thousands)				699,728			699,541			698,795			698,454			697,143
Tangible book value per common share			$	17.52		$	17.02		$	16.92		$	17.12		$	16.73
(1)	Current quarter regulatory capital information is preliminary.
(2)	Risk-weighted assets are determined based on regulatory capital requirements.  Under the regulatory framework for determining risk-weighted assets each asset class is assigned a risk-weighting of 0%, 20%, 50% or 100% based on the underlying risk of the specific asset class.  In addition, off-balance sheet exposures are first converted to a balance sheet equivalent amount and subsequently assigned to one of the four risk-weightings.
(3)	Tangible common equity and Tier 1 common equity ratios are non-GAAP measures.  BB&T uses the Tier 1 common equity definition used in the SCAP assessment to calculate these ratios.  BB&T's management uses these measures to assess the quality of capital and believes that investors may find them useful in their analysis of the Corporation.  These capital measures are not necessarily comparable to similar capital measures that may be presented by other companies.

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BB&T Corporation
Selected Items & Additional Information
(Dollars in millions, except per share data)
													Favorable (Unfavorable)
Selected Items													Pre-Tax			After-Tax
Fourth Quarter 2012
	None
Third Quarter 2012
	Mortgage repurchase expense adjustments (1)			Loan-related expense									$	(28)		$	(17)
Second Quarter 2012
	Leveraged lease tax benefit			Provision for income taxes										N/A			12
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First Quarter 2012
	Tax related items, net (2)			Other noninterest income										(42)			(50)
	Leveraged lease write-downs			Other noninterest expense										(15)			(10)
Fourth Quarter 2011
	Losses/write-downs related to NPL disposition strategy			Other noninterest income										(11)			(7)
	VISA indemnification			Other noninterest expense										(11)			(7)
Third Quarter 2011
	Losses/write-downs related to NPL disposition strategy			Other noninterest income										(37)			(23)
	Leveraged lease sale			Other noninterest expense										(16)			10
Second Quarter 2011
	Losses/write-downs related to NPL disposition strategy			Other noninterest income										(27)			(17)
First Quarter 2011
	Losses/write-downs related to NPL disposition strategy			Other noninterest income										(74)			(46)
				As of / Quarter Ended
				Dec. 31			Sept. 30			June 30			March 31			Dec. 31
				2012			2012			2012			2012			2011
Selected Mortgage Banking Information
	Income statement impact of mortgage servicing rights valuation
		MSRs fair value increase (decrease)		$	35		$	(29)		$	(132)		$	93		$	(23)
		MSRs hedge gains (losses)			(20)			49			152			(53)			45
			Net	$	15		$	20		$	20		$	40		$	22
	Residential mortgage loan originations			$	8,570		$	8,234		$	8,045		$	8,250		$	8,424
	Residential mortgage servicing portfolio (3)
		Loans serviced for others			73,769			72,343			71,389			70,318			67,066
		Bank-owned loans serviced			27,501			27,194			26,171			24,308			24,574
			Total servicing portfolio		101,270			99,537			97,560			94,626			91,640
	Weighted-average coupon rate				4.59	%		4.71	%		4.81	%		4.89	%		5.02	%
	Weighted-average servicing fee				0.319			0.322			0.327			0.332			0.338
Selected Miscellaneous Information
	Derivatives notional amount			$	73,266		$	81,407		$	76,989		$	69,059		$	67,581
	Fair value of derivatives				13			(47)			(52)			(78)			19
	Accumulated comprehensive income related to securities,
		net of tax (4)			329			357			216			134			50
	Common stock prices
		High			33.89			34.37			32.74			31.94			25.57
		Low			26.86			30.41			27.40			25.26			19.76
		End of period			29.11			33.16			30.85			31.39			25.17
	Banking offices				1,832			1,851			1,774			1,773			1,779
	ATMs				2,826			2,750			2,511			2,436			2,483
	FTEs				33,981			34,006			32,998			31,185			31,774
(1)	Related to better identification of unrecoverable costs associated with investor-owned loans.
(2)	Includes write-downs of investments in affordable housing and other tax adjustments.
(3)	Amounts reported are unpaid principal balance.
(4)	Includes the impact of the FDIC loss sharing agreements on the covered securities.

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BB&T Corporation
Non-GAAP Reconciliations
(Dollars in millions)
		Quarter Ended
		Dec. 31		Sept. 30		June 30		March 31		Dec. 31
Efficiency and Fee Income Ratios (1)		2012		2012		2012		2012		2011
Efficiency ratio - GAAP		58.8	%	61.6	%	57.9	%	59.0	%	67.1	%
	Effect of securities gains (losses), net	―		―		―		(0.2)		2.4
	Effect of merger-related and restructuring charges, net	(0.5)		(1.7)		(0.1)		(0.5)		(0.7)
	Effect of losses/write-downs on NPL disposition loans	―		―		―		―		(0.2)
	Effect of mortgage repurchase expense adjustments	―		(1.1)		―		―		―
	Effect of FDIC loss share accounting	(0.1)		―		0.2		0.1		0.9
	Effect of affordable housing investments write-down	―		―		―		(1.0)		―
	Effect of foreclosed property expense	(1.9)		(2.2)		(2.9)		(3.9)		(14.5)
	Effect of leveraged lease sale/write-downs	―		―		―		(0.6)		―
	Effect of VISA indemnification	―		―		―		―		(0.5)
	Effect of amortization of intangibles	(1.0)		(1.4)		(1.2)		(0.9)		(1.0)
Efficiency ratio - reported		55.3		55.2		53.9		52.0		53.5
Fee income ratio - GAAP		40.3	%	38.8	%	39.2	%	37.1	%	38.2	%
	Effect of securities gains (losses), net	―		―		―		0.2		(2.7)
	Effect of losses/write-downs on NPL disposition loans	―		―		―		―		0.3
	Effect of affordable housing investments write-down	―		―		―		1.1		―
	Effect of FDIC loss share accounting	3.8		3.6		3.2		2.6		2.6
Fee income ratio - reported		44.1		42.4		42.4		41.0		38.4
								Year-to-Date Dec. 31
								2012		2011
Efficiency ratio - GAAP								59.3	%	66.2	%
	Effect of securities gains (losses), net							(0.1)		0.4
	Effect of merger-related and restructuring charges, net							(0.7)		(0.2)
	Effect of losses/write-downs on NPL disposition loans							―		(1.0)
	Effect of mortgage repurchase expense adjustments							(0.1)		―
	Effect of FDIC loss share accounting							0.1		0.3
	Effect of affordable housing investments write-down							(0.2)		―
	Effect of foreclosed property expense							(2.7)		(9.1)
	Effect of leveraged lease sale/write-downs							(0.2)		(0.2)
	Effect of VISA indemnification							―		(0.1)
	Effect of amortization of intangibles							(1.1)		(1.1)
Efficiency ratio - reported								54.3		55.2
Fee income ratio - GAAP								38.9	%	35.5	%
	Effect of securities gains (losses), net							0.1		(0.4)
	Effect of losses/write-downs on NPL disposition loans							―		1.0
	Effect of affordable housing investments write-down							0.2		―
	Effect of FDIC loss share accounting							3.3		3.6
Fee income ratio - reported								42.5		39.7

			Quarter Ended
		Dec. 31			Sept. 30			June 30			March 31			Dec. 31
Return on Average Tangible Common Shareholders' Equity (2)		2012			2012			2012			2012			2011
Net income available to common shareholders		$	506		$	469		$	510		$	431		$	391
Plus:
	Amortization of intangibles, net of tax		17			19			18			14			15
Tangible net income available to common shareholders		$	523		$	488		$	528		$	445		$	406
Average common shareholders' equity		$	19,160		$	18,757		$	18,302		$	17,772		$	17,693
Less:
	Average intangible assets		7,463			7,341			7,031			6,510			6,485
Average tangible common shareholders' equity		$	11,697		$	11,416		$	11,271		$	11,262		$	11,208
Return on average tangible common shareholders' equity			17.80	%		17.01	%		18.85	%		15.88	%		14.36	%
											Year-to-Date Dec. 31
											2012			2011
Net income available to common shareholders											$	1,916		$	1,289
Plus:
	Amortization of intangibles, net of tax											68			62
Tangible net income available to common shareholders											$	1,984		$	1,351
Average common shareholders' equity											$	18,501		$	17,208
Less:
	Average intangible assets											7,088			6,484
Average tangible common shareholders' equity											$	11,413		$	10,724
Return on average tangible common shareholders' equity												17.39	%		12.60	%
(1)	BB&T's management uses these measures in their analysis of the Corporation's performance.  BB&T's management believes these measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrating the effects of significant gains and charges.
(2)	BB&T's management believes investors use this measure to evaluate the return on average common shareholders' equity without the impact of intangible assets and their related amortization.

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